Commercial property: Time to switch on to ESB international €3.7m deal?

What do Ankara, Bahrain, Dublin, Johannesburg, and Eastgate, Cork all have in common? Not a lot, most likely, except they each have an office for power and energy engineering consultancy business ESB International, who employ 750 globally, and have done multi-million euro projects in 120 countries over a 40-year span.

And, now, their Cork offices at Building 6, Eastgate are up for sale for €3.7 million for a private investor/vendor, with existing strong income for the full floor they occupy, and the building has further rental uplift potential also.

Headquartered in Dublin’s St Stephen’s Green, ESB International have had their second Irish base at Eastgate since 2008, when they took space at Building 6 vacated by Schlumberger, and have since moved to occupy the entire upper floor of the two-story office block on a second lease.